ICB Level 3 Certificate in Bookkeeping and Accounts – Full Membership MICB

Course code: OSC1340

Are you interested in bookkeeping and accounts? With this course, you will receive all you need to know about just that!

  • Gain the knowledge and skills to become a qualified bookkeeper.
  • Learn how to produce the final accounts for sole traders, partnerships and not-for-profit organisations in both manual and computerised systems.
  • On successful completion of this course, you will be able to gain full membership status with the ICB, allowing you to use the letters MICB after your name. You would also be able to work as a self-employed/employed bookkeeper.
This course is only available as a study pack.
Course Overview

This course provides everything you need to know about bookkeeping, so enrol now to study with an award-winning home learning provider with tutor support!

Course Duration

Up to 1 year.

Course Outcome

You will receive an ICB Level 3 Certificate in Bookkeeping and Accounts (MICB).

Entry Requirements

Before commencing the study at this level, the candidate should have achieved ICB Level 2 Certificate in Bookkeeping or its equivalent with another awarding body.

Assessment

A mixture of tutor-marked assignments, online tests and examinations.

Course Content
  • Understand the importance of adhering to a code of ethical principles
  • Understand when and how to take appropriate action to cope with unethical behaviour
  • Understand the legal differences between the structures of various types of businesses
  • Understand the main accounting concepts that apply
  • Understand the various accounting standards that are applied to the production of year-end accounts
  • Understand the different VAT schemes that are available for use
  • Understand the importance of being able to clearly communicate relevant information
  • Understand the requirements for uploads to HMRC under making tax digital (as and when introduced)
  • Reconcile debtors and creditors control accounts
  • Write off a bad debt
  • Correct errors in the accounts
  • Reconcile the VAT account
  • Complete a VAT return
  • Account for the disposal of fixed assets
  • Understand the need to allow for, and be able to post, adjustments to the accounts
  • Provide for revaluation of assets
  • Prepare a set of final accounts suitable for internal management purposes
  • Calculate and post relevant amounts to appropriate profits as required
  • Adjust capital share of partners
  • Understand the importance of interpreting financial statements for internal management purposes
  • Analyse and interpret financial statements
  • Prepare a cash budget